HOT Wallet and all the ways to earn money

Greetings friends, today let's talk about probably the most important topic for you in HOT Wallet - ways to earn money. I'll share my experience of using it and talk about all the options that will help you earn in your wallet before the HOT coin listing.

HOT PAD and HOT MINT

This is the first and easiest method that has already brought users hundreds of USDT. What is it and how does it work? There are many partners in the HOT Wallet ecosystem that list their tokens and NFTs in the wallet itself. Some of the tokens that are already out include UWON, USMeme, and DoubleDog. As you participated in the project, you had the opportunity to get these tokens in return for your HOTs. Plus there were additional conditions that allowed you to get a larger allocation of tokens when you performed certain actions. As you know, HOT Wallet always rewards users with balances, so there was an opportunity to squeeze the most out of such lunches. It's a similar story with HOT Mint, where you could get NFTs from DoubleDog, USMen, PitchTalk and MITTErian collections. In this case too, there were some sort of conditions that allowed you to participate in getting NFTs. The “fattest” drop was NFTs from DoubleDog, worth 11 NEAR (~$75). And all of this you could get for your HOT. There was also a correlation between these events. For example, as you noticed, DoubleDog has both the $DD token and DoubleDog's NFT collection. The connection was that DoubleDog's NFT holders were given a large allocation of $DD tokens, thus creating utilities for those NFTs. As a result, if you participated in all these NFT lunchepads and mints, you could already earn over $1000 USDT.

Missions

A relatively new event that was added a couple months ago. What's the point of it? HOT Wallet is approached by projects more often with the goal of making trading volume for their coin. After a thorough vetting by the HOT Wallet team, the project offers its tokens or USDT for distribution to users. All three parties win here:

• HOT Wallet becomes a platform for similar projects, plus there is an opportunity to make a good drop for its users
• The project that comes to HOT gets its trade volume made to it by its users
• Users get 2-3-5 $ for one mission

That is, a user needs to trade 20$+ within a mission to get the reward. Now two ways of things are practiced: some people sell back tokens right away, and some people continue to hold similar tokens. And some new missions now appear with conditions for holding that token. But in general - it's an easy couple of bucks that are done in 1 minute of time. There have been over 100 missions like this already, so here's your 200-300$.

Trading Contests

This event is held less often than the others, and it first appeared in the summer. The idea is quite simple - there is a leaderboard with 200-300 prizes, where your place in this leaderboard is your trading volume. The event takes place within a week or a month, and during this period you need to make as much trading volume as possible. It was very easy to earn a few dozens of USDT, and if you were ready to take this issue more seriously, you had the opportunity to get into the top ten and take good prizes. All I can say is that participating in such events teaches you something too. In my case, I better understood how NEAR, BNB blockchain works and learned how to use screeners (dexscreener/dextools), because they directly influenced the success of my participation. With their help it was possible to make swaps both ways, sometimes with zero commissions, and sometimes even get to the plus side, closing from the big players. In total there were 2 such events, and the total prize money handed out was more than $70,000. I managed to take the second place in this event and earn good money. But more important than that is a better understanding of how swaps and blockchains work.

Arbitrage

A very cool and interesting way to make money. It appeared with the introduction of BASE network in HOT Wallet, creation of a bridge between NEAR and BASE networks and listing of USMeme coin on NEAR and BASE networks. But let me explain a little bit to those who don't know what arbitrage is. Imagine there are two sellers who sell and buy bracelets. One seller sells a bracelet for $10 and buys it for $9, and the second seller sells it for $8 and buys it for $7. You buy a bracelet from the second seller for $8 and sell it to the first seller for $9. 1$ is your earnings. You can do roughly the same thing in HOT Wallet, but there are a couple conditions:

• The coin must be on multiple networks
• There must be a bridge between these networks

The point is that you buy token in the network where it is cheaper, transfer this coin by bridge to another network and sell in it. You can't arbitrage all the time, because many users use it, and the price on the two networks is usually equalized by the users themselves. But there are times when some whale buys or sells for a large amount, and this is the main trigger for arbitrage. From good examples, the pioneer in HOT Wallet is USMeme ($USM), and here are a couple other coins that still make sense to monitor and make money on: $DD (NEAR, BNB), $HAPI (NEAR, BNB). It might even be worth paying attention to ETH. I've been able to do this sort of thing and make $200-500$ each, and what's important is that anyone can do it.

News background

Not the most obvious, but quite a good option to make money. How does it work? As you know, there are many partners in the HOT ecosystem that interact with you in one way or another. A good example would be the recent news of a drop between those who had an NFT from HAPI and had a HAPI token on their balance. This was a condition of receiving a drop from a partner, and on the back of this news the price of the token went up by 50% as a large number of people started buying this coin to participate in the drop. Here it is important to be quick and follow the news. In this case, it is possible for you to buy the coin cheaper and sell it more expensive. And smoothly flow to the next section.

Drops from partners

As I described above, there are a large number of partners in the HOT Wallet ecosystem that give out drops for users. These are often interactions with tokens or NFTs from these partners. It was possible to get net 5-6$ for participating in the HAPI drop, and some people were even able to earn several hundred USDT because they had several sets of NFTs and more HAPI tokens. Plus, on the news background they were able to make money on the price of the token itself. Also, before the listing of $DD coin NFT DoubleDog holders had an opportunity to get additional token allocation. And there are many such examples. The key is to keep up with what's going on and read HOT Wallet and their partner news to stay informed.

The cherry on the cake was a recent event hosted by the GraFun project. A huge budget of $600,000 was allocated, of which $150,000 was allocated solely for users. In conjunction with GraFun's release on the TON blockchain, the project decided to give away 10 USDT to each user for creating a token. Creating a token cost 0.55 TON, plus it was mandatory to have two transactions on the created token (buy and sell), which cost another 0.11 TON. Doesn't sound like much, right? But what if I created 10 or 100 tokens? That's exactly what I did. The event lasted more than 20 hours, and during this time I managed to create more than 600 tokens, for which I received 6500 USDT. If we subtract the cost of token creation, we get a net profit of ~4000 USDT. Every user had the opportunity to earn any amount of money, and those who interact closely with the HOT Wallet ecosystem, read the news, including the news of partners, probably participated and earned their 100-200 USD.

HOT

It would seem that the coin can't be traded yet. But there is already a possibility to earn on it. How? No, not by selling accounts by transferring your seed-phrase or transferring your tokens to the buyer's village - you will face consequences for that. I'm talking about a more marketing-oriented method that will suit users who want to try out Influencer or just want to run their own channel and grow in stages. If you have your own village and have a large number of HOTs in it, the opportunity opens up for you to do Firedrop for other channels at the expense of your HOTs and get paid for it. But keep in mind, this doesn't mean you can donate your HOTs to the village and sell them that way - you'll get rotten wood for that. We are talking about channels with some audience and organic HOT.